Reporting Update
29/07/2022 07:00
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RNS Number : 1438U Saietta Group PLC 29 July 2022
Friday 29 July 2022
Saietta Group plc
("Saietta", "the Company" or "the Group")
Reporting Update
Saietta Group plc (AIM:SED), the international electric powertrain group,
confirms that further to the trading and operational update of 25 April 2022,
its audited financial results for the financial year ended 31 March 2022 will
now be released in early August 2022.
-ENDS-
For any further enquiries, please contact:
Saietta Group via FTI
Wicher (Vic) Kist, Group Chief Executive Officer
Steven Harrison, Group Chief Financial Officer
Canaccord Genuity (Nomad and Broker) Tel: +44 (0) 207 523 8000
Henry Fitzgerald-O'Connor
Patrick Dolaghan
FTI Consulting (Financial PR advisor) Tel: +44 (0) 20 3727 1000
Ben Brewerton saietta@fticonsulting.com
Dhruv Soni
About Saietta:
Saietta is an AIM-quoted, multi-national business which designs, engineers and
manufactures complete Light-duty and Heavy-duty e-drive systems for electric
vehicles on land from scooters to buses (Vehicle categories L, M, N and T) as
well as marine applications (www.saietta.com (http://www.saietta.com) ).
Saietta has engineered breakthrough electric motor technology including
proprietary AFT (Axial Flux Technology) and RFT (Radial Flux Technology) which
can be combined with in-house power electronics, powertrain controls,
mechanical axles and transmissions. The designs are unique and modular,
delivering both high and low voltage electric drive solutions. Saietta's
difference lies in its ability to conceive powertrain solutions tailored to
deliver competitive advantage and its turnkey engineering services designed to
fast-track electric vehicle manufacturers from concept to start of production.
To demonstrate the outstanding attributes of the AFT technology and the
company also founded its own next-generation marine propulsion division Propel
(www.propel.me (http://www.propel.me) ) which delivers solutions for boating
in the electric era that support the transition to decarbonization and clean
mobility on waterways.
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